RETURNS OF INCOME.
Furnishing a return of income is an annual duty imposed by law on all companies and persons in business, whether for the whole or part of the income year and irrespective of whether a profit or a loss was made; also by all persons in receipt of income from salary, wages, bonus, allowances, interest, rent, annuity or other annual payment, where such income in conjunction with income from free-of-tax Government securities, company debentures issued free of tax, and from dividends or other profits from shares in companies trading in New Zealand exceeds £2OO per annum. Returns are required annually from such persons standing that by reason of the special exceptions allowable by law they may not be liable for tax. The return should be completed and forwarded to the Commissioner of Taxes, Wellington, C. 1, on or before the Ist. June. If for any reason the return cannot be furnished by the prescribed date application should be made for an extension of time, where returns are accepted compiled to a date subsequent to the 31st March, they should be furnished within two months of that date.
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Greymouth Evening Star, 1 May 1936, Page 11
Word Count
189RETURNS OF INCOME. Greymouth Evening Star, 1 May 1936, Page 11
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